Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika's car had damage of $8,600, and the car she struck had damage of $5,000. After a lengthy court suit, the couple struck were awarded personal injury judgments of $17,000 and $8,500, respectively. a. What will the insurance company pay for this accident? Amount paid b. What is Marika's responsibility? Amount paid
Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika's car had damage of $8,600, and the car she struck had damage of $5,000. After a lengthy court suit, the couple struck were awarded personal injury judgments of $17,000 and $8,500, respectively. a. What will the insurance company pay for this accident? Amount paid b. What is Marika's responsibility? Amount paid
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter10: Protecting Your Property
Section: Chapter Questions
Problem 6FPE
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Transcribed Image Text:Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her
summer home one evening, Marika hit a parked car and injured the couple inside. Marika's car had damage of $8,600, and the car she
struck had damage of $5,000. After a lengthy court suit, the couple struck were awarded personal injury judgments of $17,000 and
$8,500, respectively.
a. What will the insurance company pay for this accident?
Amount paid
b. What is Marika's responsibility?
Amount paid
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